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Thread: Old Yeller prefers higher taxes

  1. #31
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    Quote Originally Posted by invictus View Post
    No, that article outlined that the overall revenue dropped. I think income taxes did grow but the overall revenue was down. I think the total number is what matters though. However, if it works, then yeah,increase the corporate tax and reduce the income tax.
    Over all revenues did decrease a bit. But because of less corporate tax revenue, not income tax revenue.
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  2. #32
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    Quote Originally Posted by Peter1469 View Post
    Deficits were very low back then. And those balanced budgets were more accounting tricks.

    I also prefer divided government.
    True but, interests were tied up anyway. You'd think that the huge balloon that is our deficit would be a more urgent issue to take care of?

    The thing about division is that it kind of force them to actually come up with a solutions that addresses need of both sides. It's not perfect but that's life.

  3. #33
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    Quote Originally Posted by Peter1469 View Post
    Over all revenues did decrease a bit. But because of less corporate tax revenue, not income tax revenue.
    Some of the revenue came from the tariffs but those costs are passed down to the consumer. It would have been a bigger gap had it not been for tariffs.

  4. #34
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    Quote Originally Posted by invictus View Post
    True but, interests were tied up anyway. You'd think that the huge balloon that is our deficit would be a more urgent issue to take care of?

    The thing about division is that it kind of force them to actually come up with a solutions that addresses need of both sides. It's not perfect but that's life.
    I agree on both points.
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    invictus (02-23-2021)

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    Quote Originally Posted by invictus View Post
    Like I said, I don't mid higher taxes if they go to pay off the debt.

    You just don't want higher taxes... Everything else doesn't matter to you at all.
    How funny.
    Four on the floor, a fifth under the seat

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    Peter1469 (02-23-2021)

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